AI Summary
Tadawul-listed banks reported a 16 percent rise in credit provisions to SAR 1.69 billion in Q1-2016, data compiled by Argaam showed.
Provisions were increased on an annual basis for the second straight quarter.
|
Credit provisions over years (SAR mln) |
||
|
Period |
Provisions amount |
Change |
|
|
2013 |
|
|
Q1 |
1559.0 |
4% |
|
Q2 |
1255.2 |
30% |
|
Q3 |
1769.9 |
30% |
|
Q4 |
2409.7 |
38% |
|
|
2014 |
|
|
Q1 |
1832.0 |
18% |
|
Q2 |
1326.5 |
6% |
|
Q3 |
1931.1 |
9% |
|
Q4 |
1686.2 |
30% |
|
|
2015 |
|
|
Q1 |
1454.0 |
21% |
|
Q2 |
1695.0 |
28% |
|
Q3 |
1912.4 |
1.0% |
|
Q4 |
1801.7 |
6.8% |
|
|
2016 |
|
|
Q1 |
1689.5 |
16.2% |
Seven out of 12 banks recorded higher credit provisions during the period. The Saudi Investment Bank (SAIB) and Bank Albilad’s credit provisions surged 413 percent YoY and 250 percent YoY to SAR 118 million and SAR 56.4 million in the same period, respectively.
However, four banks made lower provisions, led by Alinma Bank with a YoY fall of 81 percent to SAR 13 million. It was followed by Bank AlJazira with a drop of 24 percent YoY in credit provisions to SAR 27.7 million.
Meanwhile, Saudi Hollandi Bank (SHB) reported stable credit provisions at SAR 101.3 million in Q1.
|
Bank provisions by quarter (SAR mln) |
|||
|
Change |
March 2016 |
March 2015 |
Bank |
|
59% |
346.6 |
218.3 |
NCB |
|
18% |
104.8 |
127.8 |
RIBL |
|
24% |
27.7 |
36.7 |
BJAZ |
|
413% |
118.0 |
23.0 |
Saudi Investment Bank |
|
-- |
101.3 |
101.3 |
Saudi Hollandi Bank |
|
12% |
41.7 |
37.2 |
BSFR |
|
25% |
145.0 |
115.6 |
SABB |
|
11% |
152.7 |
137.1 |
Arab National Bank |
|
9% |
44.7 |
49.0 |
SAMBA |
|
3% |
537.5 |
521.8 |
Al-Rajhi Bank |
|
250% |
56.4 |
16.1 |
Bank AL Bilad |
|
81% |
13.0 |
70.1 |
Alinma Bank |
|
16% |
1689.4 |
1454.0 |
Total |
Be the first to comment
Comments Analysis: